While President Obama recently said in a speech that he doesn’t fear a double-dip recession, the same doesn’t hold true for the American public. In a new CNN poll, 48 percent of Americans not only fear a double-dip recession, but the second Great Depression. It is the highest percentage of respondents that have stated that […]
A recent article on the New York Times is about the way in which college graduates are facing greater and greater difficulty in finding employment after leaving school. The New York Times reports: Employment rates for new college graduates have fallen sharply in the last two years, as have starting salaries for those who can […]
NewsOne is proud to welcome our new cartoonist Kevin Eason. You should expect new pieces from Kevin on a weekly basis as he tackles topics in popular culture ranging from politics, sports, and entertainment. Today, he took on the American job market and how “dry” it is. Check it out for yourself. Kevin Eason is […]
For decades, many African Americans grew accustomed to a middle class lifestyle in their homes across the country. Lives that were built through hard work; climbing up the corporate ladder from entry level positions to the corner offices. But with foreclosures and the continuing recession, many African-Americans find themselves in dire straits. Close to 15.5 […]
NEW YORK — The number of Americans filing for their first week of unemployment benefits jumped sharply last week, two weeks after hitting a 2-1/2 year low below 400,000. There were 445,000 initial jobless claims filed in the week ended Jan. 8, the Labor Department said in a weekly report Thursday. That’s up 35,000 from […]
New York — Peter S. Goodman at The Huffington Post has written an article on the effects of the recession on Black America in comparison to its affect on white America. Among white people, the unemployment rate dropped in December to 8.5 percent — hardly acceptable, but manageable were the government spending more to expand […]
The tax bill that extends the Bush tax cuts and slashes the estate tax while extending unemployment benefits has passed the House House by a vote of 277-148 and is heading for the President to sign, according to The Huffington Post RELATED STORIES Attacks From Right Take Toll On Obama’s Tax Plan CBC ‘Overwhelmingly Opposed’ […]
President Obama said Wednesday that Congress should reauthorize extended unemployment insurance for the long-term jobless.
As the nation’s largest peacetime jobs program – the U.S. Census 2010 effort – winds down and its temporary workforce continues to join the ranks of the unemployed, a growth in private sector jobs was not enough to keep the unemployment rate from climbing slightly – one-tenth of a percentage point to 9.6 percent – […]
Another month, another grim jobs report. We lot 54,000 jobs in July. Most of those — in fact, 114,000 of them — were expiring census jobs. The private sector added jobs slowly but steadily, posting 67,000 in gains. This report doesn’t really tell a story of recovery nor of recession. It’s just stagnation: We’re not […]
 New applications for unemployment insurance reached the half-million mark last week for the first time since November, a sign that employers are likely cutting jobs again as the economy slows.
President Obama cited the slight increase in private-sector job creation today, but added that “climbing out of any recession — much less a hole as deep as this one — takes some time.”
